How to Write a Feasibility Study Proposal Template

Published on 2018-09-13 05:18:11. by Bonnie J. Coulter

Making a decision is not easy. There are many things to consider helping you end up with the most effective decision for the company development. There should be some a study done before deciding to change something in your company and this is why you need a feasibility study. What you need to write in this proposal is just all about the required information to help taking a decision. Writing this proposal is easy as long as you stick with the right guidelines.
• Goals and Objectives. After giving a title to your proposal, you need to provide the purposes of why a change should be made. There should be something better and some benefits resulted by the change to ensure this proposal can be well accepted.
• Problem Statement. This is where you state the reasons or problems that lead to the change. It’s different from the first section because it explains about the current situation of your company that can be solved with the change planned. In the first section you provide some goals of what the company would achieve if the change is done. Make sure these two sections contain different information. If the problem is related with the change as its solution, the proposal can be finished effectively.
• Benefits of Solution. Since the solution, which is the change you are proposing has been planned and created, now you need to give some reasons why this problem is effective. There should be some benefits coming from this proposed solution to convince the decision maker that your idea is excellent.
• Impact Statement. List all the impacts your company or organization will get by applying your proposed solution. Provide a brief description about how the change can influence the current situation of your company or organization for long-term benefits.
• Alternatives. Your proposal has a chance to be rejected, so offer the alternatives if in case your ideas are not suitable with the organization or company’s goals. Give some options to let the decision maker consider the possible change that can be taken to actions.
• Risks. Just because you want your proposal to be accepted, doesn’t mean that you can hide its disadvantages. However, along with the risks that might be resulted from the change, provide the solution to address them. So even if there are some risks, you can still fight them by offering solutions to eliminate the disadvantages.
• Costs. Provide information about the costs required to realize the proposed change. It should be clear and easy to understand to let the decision maker analyze where each cost will go.
Once the proposal completed, proofread it to ensure there are no errors in the grammar or typos. This document should be professional, which means simple mistakes like typos shouldn’t exist. You can also use a proposal kit if you think you can’t make it completely right from the scratch. Just go with whatever you are comfortable using to finish your proposal as long as you keep it excellent and encouraging.